Saudi Arabian Adeer real estate partners with droppRWA for blockchain tokenization
Saudi Arabian, Adeer Real Estate and droppRWA, blockchain tokenization service provider, have signed an MOU ( Memorandum of Understanding) for a strategic partnership aimed at introducing blockchain digital ownership solutions across Adeer’s real estate portfolio in the Kingdom, by introducing tokenized projects across Adeer’s development pipeline.
This will include residential communities to commercial assets, creating new financing structures, adopting the government vision to increase foreign direct investment by enabling fractional ownership while maintaining full compliance with Saudi regulations and Sharia principles.
droppRWA noted that the completed Saudi Arabia’s first end-to-end tokenized property transaction in partnership with Kingdom regulatory authorities, establishing the infrastructure for compliant blockchain based property transfers.
“Adeer is leading the way in revolutionizing the real estate industry, Tokenization is a transformative process that bridges traditional real estate with blockchain finance. This digital shift introduces greater accessibility” said Suleiman AlHarbi, Deputy CEO, Adeer Real Estate.
The partnership will deploy droppRWA’s Trust StackTM infrastructure which unifies legal frameworks, proprietary blockchain technology (droppChain) and capital markets into a single compliant platform, across three initial use cases, tokenized development financing, digital Sukuk for Sharia-compliant capital raising and tokenized ownership of stabilized assets.
“Adeer builds at a scale that is actively shaping the future of Saudi urban development and that scale demands capital markets capable of matching their ambition,” said Faisal Al-Monai, Chairman of droppRWA. “Through our collaboration, Adeer gains access to global investors, faster settlement and programmable compliance across regulatory bodies and Sharia frameworks, all delivered through our unified, ‘regulator native’ architecture.”
The objective of the proposed partnership is to combine the market reach and industry relationships of Adeer with the technical and financial capabilities of the other Party to develop and execute tokenized property offerings that enhance liquidity, broaden investor access, and support the growth and modernization of the Saudi real estate market.
Prior to this DroppRWA, partnered with Saudi Arabia’s real estate developer RAFAL Real Estate Co, to execute a Saudi Arabian pilot that would (RWA) tokenization real estate transaction. The pilot will serve as a national feasibility benchmark for the future of tokenized property markets in KSA.
